Question

What are 3 major legal and social concerns surrounding the use of IOE and its business applications in this industry?

Please explain each concern.

Answer 1

IOE & business applications in the industry

Legal & social concerns

• Cybersecurity is a critical issue. Governments can reduce cybersecurity threats.
• The industry should adopt self-regulatory, and, voluntary measures to provide consumers to protect consumer data; to provide consumers with choices to protect their personal data
• Industry-led initiatives such as the Online Privacy Alliance, and, Truste are for achieving a balance between business requirements & consumer protection
• Need for public-private partnerships to secure critical infrastructure
• Industry, and, consumer awareness of the importance of network security
• The mandate for use of specific technologies, or, business models
• Laws & regulations consistent with internationally recognized principles to hinder cross-border flows of information, and, trade
• Data protection policies that meet the needs of the global economy. These are implemented at state, provincial, legal, or, regional
• Privacy practices to prevent data misuse; to ensure how consumers, and, data to control how data that relates to them is used
• Need for the strengthening of coordination amongst the public-private sector institutions
• The global standard for product assurance common criteria for the product assurance
• Slowing innovation leads to constant security threats